OCTOBER 2020 Michael Power FBA, FCA Department of Accounting
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OCTOBER 2020 Michael Power FBA, FCA Department of Accounting & Centre for Analysis of Risk and Regulation (CARR), London School of Economics and Political Science Houghton Street, London WC2A 2AE Tel: 020 7955 7228 email: [email protected] Employment London School of Economics and Political Science 1987- . Academic Governor (elected) 2016-2019 . Professor of Accounting 1995- . Director of CARR 2010-2014 . Founding co-director of CARR 1999-2005 . P.D. Leake Professor of Accounting 1997-2004 . Lecturer in Accounting and Finance 1987-1995 . Coopers & Lybrand Fellow 1991-1997 Deloitte Haskins & Sells 1983-1987 (Predecessor firm of PricewaterhouseCoopers) Directorships RIT Capital Partners plc – non-executive Director 2014 - . Audit & Risk Committee 2014 - . Valuation committee 2014-2018 . Chairman Valuation Committee 2018 – . Trustee and Chair RIT Pension scheme 2018-2019 St James’s Place plc (UK) – non-executive Director 2005-2013 . Chair Risk committee 2005-2013 . Chair Audit committee 2011-2012 . Nomination Committee 2012-2013 St James’s Place International plc (Ireland) – Non Executive Director 2012 - 2021 . Chairman 2014 -2021 . Chair Compliance & Risk committee 2012-2014 Other Advisory and Editorial Positions Editor, Accounting, Organizations & Society 2014 – British Academy: Management & Business Studies steering committee 2018 - IRM Technical Development Committee 2015-2017 Knowledge Transfer Network for Financial Services - Advisory Board 2011-2013 Financial Reporting Lab Advisory Board, Financial Reporting Council 2011-2016 ESRC Enterprise Research Centre Advisory Panel 2013-2015 Honours and Awards Fellow, British Academy 2016 - Honorary Doctor of Economics, Turku School of Economics, Finland 2016 Honorary Doctorate in Social Science, Uppsala University, Sweden 2013 Honorary Fellow, Institute of Risk Management (IRM), UK 2011- Honorary Doctorate in Economics, University of St. Gallen, Switzerland 2009 Clothworkers' Studentship, Girton College, Cambridge 1982-1983 Graduate Scholarship, Girton College, Cambridge 1980-1982 Open Exhibition, St. Edmund Hall, Oxford 1977-1979 Professional Qualifications Fellow (FCA) of the Institute of Chartered Accountants in England and Wales (ICAEW) 2002- Associate Member of the UK Chartered Institute of Taxation (CIoT) 1989- Associate Member of the Institute of Chartered Accountants in England and Wales (ICAEW) 1986- 2002 Visiting Academic Positions Visiting Professor, University of Sydney (April) 2014 Visitor, Wissenschaftszentrum Berlin 2007 Distinguished Visitor, University of Alberta, Edmonton 2002 Visiting Fellow, All Souls College, Oxford (January – July) 2000 Fellow, Institute for Advanced Study, Berlin 1995-1996 Visiting lecturer, Architectural Association 1989 – 1992 Tom Robertson Memorial Lecturer, Edinburgh University 1991 Education MSc Accounting and Finance (LSE) 1989 PhD Philosophy (Cambridge) 1984 MPhil History and Philosophy of Science (Cambridge) 1980 BA (Hons) Philosophy, Politics, Economics, Class 2.1 (Oxford) 1979 Devonport High School for Boys, Plymouth 1969-1975 Books (With Tommaso Palermo, Simon Ashby). Risk Culture in Financial Organizations: a Research Report. London: Financial Services Knowledge Transfer Network/CARR, 2013. pp.103 Organized Uncertainty: Designing a World of Risk Management (Oxford: Oxford University Press, 2007), pp.248. Paperback 2009. 2011 published in Japanese by Chuo-Keizai, translated by Shinji Horiguchi. The Risk Management of Everything (London: Demos, 2004) pp.74. [Shortened version published as ‘The risk management of everything’ ICAEW Briefing 2004, reprinted in Balance Sheet (2004) 12(5):19-29; and in The Journal of Risk Finance (2004) 5(3):58-65)]; chapter 5 reprinted and translated in Sécurité & Stratégie (June 2011) 2, 5-8. The Audit Society: Rituals of Verification (Oxford: Oxford University Press, 1997; second paperback edition 1999). Pp.183. Published in Italian as La Societa dei Controlli (Translated by Fabrizio Panozzo) (Turin: Edizioni do Comunita, 2002) Published in Japanese, translated by Katsuhiko Kokubu and Shinji Horiguchi, (Tokyo: Toyo Keizai, 2003). Published in French as La Société de l’Audit: l’Obsession du Contrôle. (Paris: La Découverte, 2005) (Translated by Armelle Lebrun) The Audit Explosion (London: Demos, 1994) pp.58. Partially reprinted in G. Mulgan (ed.) Life after Politics (London: Verso, 1997) pp.286-293. 2 Edited books and collections ‘Symposium on accounting and actorhood’. Accounting, Organizations and Society (2017) Vol. 59 (with Joni Young and Keith Robson) Special themed section on financial accounting as social and organizational practice: exploring the work of financial reporting. Accounting, Organizations and Society (2017) Vol. 56. Riskwork: Essays on the Organizational Life of Risk Management. (Oxford University Press, 2016). (with Yves Gendron). Research forum on qualitative research in auditing. Auditing: A Journal of Practice and Theory (2015) 34(2). (with J. Downer) Close Calls, a special issue of Risk & Regulation (2010) pp.20. ‘Business risk auditing’, a special section of Accounting, Organizations and Society (2007) 32(4/5). (with K. Sahlin-Andersson, K.Soin and T. Scheytt) ‘Organizations and Risk Management’, themed section of the Journal of Management Studies (2006) (with B.Hutter) Organizational Encounters with Risk (Cambridge: Cambridge University Press, 2005) ‘Accounting and the Intangible’, a themed section of Accounting, Organizations and Society (2001) 26 (7/8). ‘Exploring the Audit Society’, a special issue of International Journal of Auditing (2000) 4(1). ‘Studies of Auditor Liability’, a themed section of Accounting, Organizations and Society (1998) 23(1). 'Science and Economic Calculation', a special issue of Science in Context, (1994) 7(3). Reprinted as Accounting and Science: Natural Inquiry and Commercial Reason (Cambridge: Cambridge University Press, 1996) (with J. Freedman) Law and Accountancy, a special issue of the Modern Law Review (1991) 54(6), reprinted as Law and Accountancy: The Challenge of the Nineties and Beyond (London: Paul Chapman Ltd, 1992). Brand and Goodwill Accounting Strategies (Cambridge: Woodhead-Faulkner, 1990) pp.127. 3 Papers in peer reviewed journals (with C.Hardy, S. Maguire & H. Tsoukas) ‘Organizing risk: organization and management theory for the risk society’. Academy of Management Annals (2020). Vol 14(2): 1032-1066. (In press online) ‘Modelling the microfoundations of the audit society: Organizations and the logic of the audit trail. Academy of Management Review. ‘Editorial – Symposium: Accounting and Actorhood’. Accounting, Organizations and Society (2017) 59:1-2. (with Joni Young and Keith Robson) ’Editorial – Themed section on financial accounting as social and organizational practice; exploring the work of financial accounting’. Accounting, Organizations and Society (2017) 56:35-37. (with T. Palermo and S. Ashby) 'Navigating institutional complexity: the production of risk culture in the financial sector’ Journal of Management Studies (2017) 54(2): 'How accounting begins: object formation and the accretion of infrastructure’. Accounting, Organizations and Society (2015) 47:43-55. (with Yves Gendron) Qualitative research in auditing: a methodological roadmap. Auditing: A Journal of Practice and Theory (2015) 34(2):147-165. ‘The apparatus of fraud risk' Accounting, Organizations and Society (2013) 38:525-543. (with Peter Miller). Accounting, organizations and economization: connecting accounting research and organization theory. The Academy of Management Annals (2013) 7(1):555-603. ‘Foucault and sociology’ Annual Review of Sociology (2011) 37: 35-56. ‘Preparing for financial surprise’ Journal of Contingencies and Crisis Management (2011) 19(1):28-31 ‘Fair value, financial economics and the transformation of accounting reliability’ Accounting and Business Research (2010) 40(3):197-210. ‘The risk management of nothing’ Accounting, Organizations and Society (2009) 34(6/7): 849-55. (with T.Scheytt, K.Soin and K.Sahlin) ‘Reputational risk as a logic of organizing in late modernity’ Organization Studies (2009) 30(2/3):165-188. ‘Corporate governance, reputation and environmental risk’, Environment and Planning C: Government and Policy (2007) 24 (1):90-97 (with K. Sahlin-Andersson, K.Soin and T. Scheytt) ‘Editorial: risk, regulation and 4 organizations’, Journal of Management Studies (2006) 43(6): 1331-1337. ‘Business risk auditing – debating the history of its present’ Accounting, Organizations and Society, (2007) 32(4/5):379-382. ‘The invention of operational risk’ Review of International Political Economy (2005) 12(4): 577-599. Translated and reprinted as ‘Die Erfindung operativer Risiken’, in A.M. Mennicken and H.Vollmer (hrsg.) Zahlenwerk: Kalkulation, Organisation und Gesellschaft. (Wiesbaden: VS Verlag, 2007), 123-142. Translated and reprinted as ‘La Invencion del Riesgo Operacional’ in A.Laviada Fernández (ed.) La gestión del riesgo operacional – De la teoría a su aplicación. 2007. Included in virtual special 20th anniversary issue of Review of International Political Economy. ‘Counting, control and calculation: reflections on measuring and managing’ Human Relations (2004) 57(6): 765-783. ‘Auditing and the production of legitimacy’ Accounting, Organizations and Society (2003) 28(4): 379-394. ‘Evaluating the audit explosion’ Law and Policy (2003) 25 (3):185-202. Reprinted in F.Haines (ed.) Crime and Regulation, International Library of Criminology, Criminal Justice and Penology. Ashgate Publishing (2007) pp.185-202. 'Standardization